Quote Originally Posted by Michael Parnham View Post
When the flat rate pension is introduced 2016, how will it affect my present pension ? because my pension includes SERPS That at present gives me £145.74 per week!
Tiger, if you are in payment of State Pension when the new Flat-Rate is implemented then you won't be included. Period.
Means you'll stay as you are. The 2016 Flat-Rate pension payments will only apply to those folks who are eligible for state pension after implementation date.
It's not allowed to defer payments either.
The £144 is based on today's money. It'll be different when 2016 come around.

The other nitty gritty details are yet to be confirmed.